Tax returns are piling up at the Internal Revenue Service, and millions of taxpayers are experiencing refund delays beyond the typical 21 days or fewer for e-filed returns electing a direct deposit refund.
alliantgroup was named Houston Business Journal’s ‘Best Place to Work’ for 2021! Once again, alliantgroup has been recognized for their commitment to creating a vibrant culture where professionals can collaborate, grow and thrive together. This time, however, alliantgroup came in first place in the large company category.
With the 179D tax deduction, taxpayers can now claim $5.00 per square foot on government buildings by making efficiency improvements.
With the new administration calling for a significant increase in funding for the IRS -– many potential tax whistleblowers are considering whether they should now come forward and submit a Form 211 to the IRS.
With over 7,000 tax incentives in the tax code, it can be difficult for businesses to know what they qualify for and what they should be claiming. There is one underutilized incentive, in particular, that applies across industries that rewards companies, including dental laboratories, for the things they are doing every day to remain competitive and become more efficient.
In a decision that is being regarded as a major win for U.S. business owners, in the case of Suder v. IRS, the U.S. Tax Court has reaffirmed recent judicial precedent with respect to the R&D tax credit, reaffirming that businesses that are building on the work of others or performing applied research may be eligible to claim the incentive.
The current research and development tax credit does nothing for entrepreneurs. A proposed law could change that.